Can you tell where it is from this chart?
Meanwhile, here’s our semi regular Cryptocalypse update.
Daily
Weekly
And the Fed still hasn’t raised interest rates.
For moron the markets, see:
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Swing Trade Screen Picks – Read My Lips, No New Longs (A Few More Shorts) November 28, 2022
We’ll see how long that lasts.
Meanwhile, back at the daycare, today’s pullback has broken a weird looking top pattern on the hourly ES, 24 hour S&…
I am so proud of the fack that the term Black Friday was coined by my Phillufya Pleece in the 1940s as a term of endearment for the crowds of shoppers that descended upon Center City on the day after Tanks Giving. Not for all the good reasons that CNBC…
OK so it isn’t back. But it is up something like 850. On the chart, it’s barely a dead cat bounce. Will this apparent bottom stick. Show me. The first test will be to clear 17,000. Failing that, there’s still a short term cycle projection of 15,000, th…
It was 60 years ago, during the Cuban Missile Crisis when I felt my first loss of innocence, and became acutely aware that the world was not a safe place, that terrible things could happen, from which mom and dad could not protect me.
The second t…
The crypto crappocollapse continues to target much lower levels. Short term target 13,500 Longer term target, still 5000 below zero. Swing Trade Screen Picks –…
Stock Market Is Grinding Through Resistance –
The question is whether resistance or upside momentum will win. The answer will come this week. Here are the directional signals.
Technical Trader subscribers click here to download the complete r…
Well, my friends, our first little downtrend lasted all of two days. The ES 24 hour S&P futures have broken the line that defined the top of the channel here in the wee hours as of 5:30 AM ET, US.
They have rallied to the previously broken nec…
The pattern on the hourly chart of the ES, 24 hour S&P futures, speaks for itself.
To translate, it’s a top, and it has broken down.
But there are a couple of problems from the bearish perspective. First, the 5 day cycle projectio…
The intraday pattern on the ES, 24 hour S&P futures remains bullish here approaching 7:45 AM ET. We are still firmly in the green zone with all channels still pointing upward, and none currently under threat. There’s nary a red (downward) channel t…
